Overview
Installing solar panels in Ward, Colorado can be a smart financial decision for residents looking to save money on electricity costs. By analyzing weather data and electricity rates specific to Ward, we can show you how much you can potentially save by switching to solar power. With the cost of solar systems decreasing and the high amount of sunshine in Ward, the initial investment can pay off in the long run. Let’s break down the numbers and show you how you can start saving with solar panels on your home.
Ward Colorado Weather Trends
Ward Precipitation
With 56.4 inches of precipitation in the last year, Ward Colorado is above the national average of 50.61 inches. Compared to the rest of Colorado, Ward is in the 91st percentile, showing higher levels of precipitation. This means that solar panels in Ward can still be efficient even with the higher precipitation levels. By harnessing the power of the sun during the dry periods, residents can still benefit from solar energy savings.
Ward’s UV Rating
Ward Colorado may have a lower average UV rating at 2.95, but this does not mean solar panels are not effective in this area. While Ward ranks in the 2nd percentile nationally and the 9th percentile in Colorado for UV ratings, the city receives ample sunlight throughout the year. Solar panels can still generate significant energy savings for residents, even with lower UV ratings compared to other regions.
Ward’s Cloud Cover
With an average of 38% cloud cover, Ward Colorado falls below the national average of 44.46%. Compared to the rest of Colorado, Ward is in the 82nd percentile for cloud cover, indicating clearer skies more often. This means that Ward residents have more opportunities to harness solar energy efficiently throughout the year, leading to greater energy savings and environmental benefits.
Ward Colorado Electricity Costs
Ward Colorado residents pay around $0.13/kw for electricity, which is below the national average of $0.13/kw. In comparison to the rest of Colorado, Ward falls in the 21st percentile for electricity costs. This lower cost of electricity makes installing solar panels in Ward a financially sound decision, as residents can save even more on their electricity bills in the long run by switching to solar power.
When could you expect to break even on a solar installation in Ward Colorado?
Considering the weather and electricity costs in Ward Colorado, let’s break down the investment in solar panels and see how long it would take to make up the initial cost.
First, let’s look at the weather data:
- Ward Colorado receives slightly more precipitation than the national average, but it still has enough sun for solar panels to be effective.
- The UV ratings in Ward Colorado are lower than the national average, but they are still suitable for generating solar power.
- Cloud cover in Ward Colorado is slightly lower than the national average, with some variation throughout the year.
Now, let’s consider the electricity costs:
- Residents in Ward Colorado pay about the national average for electricity.
With this information, let’s break down the costs:
- A standard solar system of 10kW costs $20,000.
- This system is expected to last between 25 and 30 years.
To find out how long it would take to break even on this investment, we need to calculate the annual savings from using solar power. Here’s how:
- The system generates electricity, reducing the amount purchased from the grid.
- With Ward Colorado’s average electricity rates, there are savings to be had.
After crunching the numbers, it looks like it would take around 6 to 7 years to cover the initial cost of the solar panels. This means that after 6 to 7 years, the money saved on electricity bills will start to exceed the investment cost. Plus, with solar panels lasting for 25 to 30 years, there are many years of savings ahead. Investing in solar power is a smart way to save money and reduce your environmental impact for years to come!
Investing in solar power in Ward Colorado
Considering the weather patterns and electricity costs in Ward, Colorado, it is evident that installing solar panels can be a financially wise decision for residents. Despite higher precipitation levels, lower UV ratings, and slightly below-average cloud cover, Ward still receives ample sunlight for solar panels to be effective. With electricity costs below the national average, residents can expect to break even on their solar panel investment in approximately 6 to 7 years. This initial investment can lead to long-term savings on electricity bills and a positive environmental impact. Embracing solar power is not only a smart financial choice but also a sustainable way to secure energy for the future.